CVS, Walmart reach new agreement for pharmacy network
CVS Health Corp and Walmart Inc reached a multi-year agreement, under which Walmart will continue participating in CVS’s pharmacy benefit management commercial and Medicaid retail pharmacy networks, the companies said on Friday.
Foxconn cuts 50,000 contract jobs in China: Nikkei
Apple Inc’s biggest iPhone assembler Foxconn Technology Group has let go around 50,000 contract workers in China since October, months earlier than normal, Nikkei reported on Friday.
Trump-Deutsche Bank links in sights of U.S. House investigators
Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump’s business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters.
Tesla to cut workforce by 7 percent while it ramps up Model 3 production
Tesla Inc said on Friday it was cutting several thousands of jobs, as the electric car maker looks to trim costs and be consistently profitable while it ramps up the production of its crucial Model 3 sedan.
Pernod Ricard says it is seeking to improve governance
French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance and will communicate on future changes once they have been approved by its board.
Three named to En+ voting trust as Deripaska looks to reduce stakes
Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from U.S. sanctions.
India’s Sun Pharma tumbles on reports of fresh whistleblower complaint
Shares of Sun Pharmaceutical Industries Ltd plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint to regulators over transactions involving the top Indian drugmaker and its co-promotor.
Stocks buoyed by trade hopes, set for best weekly winning streak in half a year
Global stocks rose to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the United States and China.
Gripped by Ghosn crisis, Renault expects slight sales growth
Renault expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan .
Renault targets 2019 sales growth after a 3.2 percent gain in 2018
French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year amid rebounding demand in Russia and Latin America.
